Accounting Software Systems Based on Cloud Technology

question 36

Multiple Choice

Accounting software systems based on Cloud technology:

• A) can be accessed by anyone from any mobile device.
• B) can be accessed anytime by authorised staff from the one desktop device only.
• C) cannot be accessed anywhere, anytime through a mobile device.
• D) can be accessed anywhere, anytime by authorised staff through various mobile technologies.

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Definitions:

Physical Count

The process of counting the actual inventory on hand to ensure accuracy in inventory records.

Gross Margin

Gross Margin is a company's revenue from sales minus its cost of goods sold, indicating the efficiency of its production process and pricing strategy.

Operating Expenses

Costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specific period.